During the last session, TTEC Holdings Inc (NASDAQ:TTEC)’s traded shares were 0.48 million, with the beta value of the company hitting 1.05. At the end of the trading day, the stock’s price was $5.02, reflecting an intraday gain of 4.37% or $0.21. The 52-week high for the TTEC share is $22.69, that puts it down -351.99 from that peak though still a striking 26.89% gain since the share price plummeted to a 52-week low of $3.67. The company’s market capitalization is $239.60M, and the average intraday trading volume over the past 10 days was 0.54 million shares, and the average trade volume was 824.01K shares over the past three months.
TTEC Holdings Inc (TTEC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. TTEC has a Sell rating from 1 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.2.
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TTEC Holdings Inc (NASDAQ:TTEC) trade information
TTEC Holdings Inc (TTEC) registered a 4.37% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.37% in intraday trading to $5.02, hitting a weekly high. The stock’s 5-day price performance is 5.91%, and it has moved by -7.81% in 30 days. Based on these gigs, the overall price performance for the year is -72.82%. The short interest in TTEC Holdings Inc (NASDAQ:TTEC) is 3.93 million shares and it means that shorts have 2.95 day(s) to cover.
The consensus price target of analysts on Wall Street is $40, which implies an increase of 87.45% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $59 respectively. As a result, TTEC is trading at a discount of -1075.3% off the target high and -59.36% off the low.
TTEC Holdings Inc (TTEC) estimates and forecasts
Statistics show that TTEC Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. TTEC Holdings Inc (TTEC) shares have gone down -20.44% during the last six months, with a year-to-date growth rate less than the industry average at -64.68% against 18.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -46.72% this quarter and then drop -34.81% in the quarter after that. In the rating firms’ projections, revenue will decrease -10.03% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 575.73M as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 545.93M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 626.18M and 576.64M respectively. In this case, analysts expect current quarter sales to shrink by -8.06% and then drop by -5.33% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -25.46%. While earnings are projected to return -67.10% in 2024, the next five years will return 4.00% per annum.
TTEC Dividends
TTEC Holdings Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for TTEC Holdings Inc is 0.06, with the dividend yield indicating at 1.20 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.01%.
TTEC Holdings Inc (NASDAQ:TTEC)’s Major holders
TTEC Holdings Inc insiders own 58.91% of total outstanding shares while institutional holders control 38.71%, with the float percentage being 94.21%. VANGUARD GROUP INC is the largest shareholder of the company, while 171.0 institutions own stock in it. As of 2024-06-30, the company held over 1.97 million shares (or 4.1483% of all shares), a total value of $11.57 million in shares.
The next largest institutional holding, with 1.76 million shares, is of BLACKROCK INC.’s that is approximately 3.7078% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.34 million.
Also, the Mutual Funds coming in first place with the largest holdings of TTEC Holdings Inc (TTEC) shares are Federated Hermes MDT Small Cap Core Fund and Vanguard Total Stock Market Index Fund . Data provided on Jul 31, 2024 indicates that Federated Hermes MDT Small Cap Core Fund owns about 832.22 shares. This amounts to just over 1.74 percent of the company’s overall shares, with a $4.18 million market value. The same data shows that the other fund manager holds slightly less at 645.31, or about 1.35% of the stock, which is worth about $3.24 million.
